Fannie Mae Selling and Servicing Policy Archives

April 10, 2019 - the Servicing Guide was updated on Apr. 10 to expand insurance loss proceeds requirements, clarify servicer responsibilities after a disaster event, update foreclosure fees for certain states, and more.

Servicing Guide - PDF Version (April 10, 2019)

April 8, 2019 - as a result of our periodic review of risk-based pricing, we are implementing a 25 basis point (0.250) loan-level price adjustment (LLPA) for loans secured by second homes with LTV ratios greater than 85.

April 3, 2019 - these updates were made in April adjustments or clarifications to several HomeReady mortgage policies, new process for self-reporting with Loan Quality Connect, more flexibility for Fannie Majors, and more.

Selling Guide - PDF Version (April 3, 2019)

The Document Custodian Notice includes the following topics Publication of the New Document Certification User Guide.

March 11, 2019 - We have issued a Selling Notice to provide guidance on forward trading of Uniform Mortgage-Backed Securities (UMBS).

March 6, 2019 - these updates were made in March manually underwritten loan requirements correspond with credit risk assessment in Desktop Underwriter, clarifications to lender responsibilities for leasehold estates, continued consolidation of Selling and Servicing Guide, and more.

March 5, 2019 - this Lender Letter provides guidance on changes to the allowable interest (note) rate spread in fixed-rate MBS and Uniform Mortgage-Backed Securities (UMBS) and the maximum servicing fee permitted for fixed-rate loans. These actions are pursuant to FHFA's instruction.

Selling Guide - PDF Version (March 6, 2019)

The Document Custodian Notice includes the following topics Publication of the New Document Certification User Guide.

February 13, 2019 - this Servicing Guide was updated on Feb. 13 to provide changes related to foreclosure time frames and compensatory fee requirements previously communicated in Announcement.

Servicing Guide - PDF Version (February 13, 2019)

The Document Custodian Notice includes the following topics Updated Document Custodian Document Transfers Job Aid and Contact Information.

February 6, 2019 - these updates were made in February process changes related to Loan Quality Connect implementation, references to cost of funds index and associated ARM plans removed, clarifications to postponed improvement requirements, and more.

Selling Guide - PDF Version (February 6, 2019)

January 16, 2019 - this Lender Letter LL-2019-02 provides additional guidance on selling policies to supplement the temporary guidance described in Lender Letter LL-2018-06, Impact of Federal Government Shutdown, that applies to borrowers who are impacted by the federal government shutdown.

January 11, 2019 - this Lender Letter LL-2019-01 provides additional guidance on servicing policies to supplement the temporary guidance described in Lender Letter LL-2018-06, Impact of Federal Government Shutdown, that applies to borrowers who are impacted by the federal government shutdown.

Provides a summary of Selling Guide and policy related communications and updates issued in 2018.

December 26, 2018 - this Lender Letter provides temporary guidance on selling and servicing policies that may be impacted by the federal government shutdown that occurred on December 22, 2018.

December 19, 2018 - this Servicing Guide update announces a revised compensatory fees framework and updated foreclosure time frames.

December 12, 2018 - we updated these policies in December borrower-initiated mortgage insurance requirements; guidelines for managing insurance loss proceeds; property insurance carrier requirements; flood insurance requirements; and more.

December 12, 2018 - the Reverse Mortgage Loan Servicing Manual has been updated to eliminate certain servicer responsibilities for both HECM and Home Keeper mortgage loans subject to a deed-in-lieu of foreclosure.

Servicing Guide - PDF Version (December 12, 2018)

Selling Guide - PDF Version (December 4, 2018)